The lower your FICO score is, the harder of a time that you will likely have when it comes to finding credit. You will also be expected to be pay rates of interest due to the fact that you are seen as a "poor" credit risk.

Many people/institutions will pull your credit score. This can include cell phone companies and landlords, as all have an interest in seeing how your credit is.

The FICO score is produced by Fair Isaac Corporation, which is a publicly traded stock on the New York Stock Exchange.